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Notes Payable | 12 Months Ended
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Dec. 31, 2025
Debt Disclosure [Abstract] |
Notes Payable | Notes Payable On March 30, 2016, the Company issued an aggregate of $170,000 of senior notes, including: $38,000 aggregate principal amount of its 4.88% Series A senior notes which were due and repaid on March 30, 2021 (the "Series A Notes"), $67,000 aggregate principal amount of its 5.23% Series B senior notes which were originally due March 30, 2023 and prepaid on June 28, 2022 (the "Series B Notes"), $48,000 aggregate principal amount of its 5.48% Series C senior notes due March 30, 2026 (the "Series C Notes") and $17,000 aggregate principal amount of its 5.58% Series D senior notes due March 30, 2028 (the "Series D Notes" and together with the Series A Notes, the Series B Notes and the Series C Notes, the "2016 Private Placement Notes"), pursuant to a note purchase agreement dated as of March 30, 2016 (the "2016 Note Purchase Agreement") and amended on July 10, 2025, among the Company and the purchasers party thereto in a private placement exempt from registration under the Securities Act of 1933. On August 1, 2019, the Company issued $175,000 and £25,000 of senior unsecured notes through private placement. These notes include: $75,000 aggregate principal amount of its 4.34% Series E senior notes due August 1, 2029 (the "Series E Notes"), $60,000 aggregate principal amount of its 4.44% Series F senior notes due August 1, 2031 (the "Series F Notes"), $40,000 aggregate principal amount of its 4.54% Series G senior notes due August 1, 2033 (the "Series G Notes") and £25,000 aggregate principal amount of its 3.33% Series H senior notes due August 1, 2033 (the "Series H Notes" and together with the Series E Notes, the Series F Notes and the Series G Notes, the "2019 Private Placement Notes"), each of which were issued pursuant to a note purchase agreement dated as of August 1, 2019 (the "2019 Note Purchase Agreement") and amended on July 10, 2025, among the Company and the purchasers party thereto in a private placement exempt from registration under the Securities Act of 1933. On March 29, 2021, the Company issued $38,000 aggregate principal amount of its 1.97% Series I senior notes which were due August 1, 2025 (the "Series I Notes" or the "2021 Private Placement Notes"), pursuant to a note purchase agreement dated as of March 29, 2021 (the "2021 Note Purchase Agreement"), among the Company and the purchasers party thereto in a private placement exempt from registration under the Securities Act of 1933. In August 2025, the Company repaid the $38,000 aggregate principal amount of its Series I Notes. On June 28, 2022, the Company issued $67,000 aggregate principal amount of its 4.61% Series J senior notes due November 15, 2028 (the "Series J Notes" or the "2022 Private Placement Notes"), pursuant to a note purchase agreement dated as of June 28, 2022 (the "2022 Note Purchase Agreement") and amended on July 10, 2025, among the Company and the purchasers party thereto in a private placement exempt from registration under the Securities Act of 1933. On July 24, 2025, the Company issued an aggregate of $250,000 of senior notes, including: $125,000 aggregate principal amount of its 5.17% Series K senior notes due July 24, 2030 (the "Series K Notes") and $125,000 aggregate principal amount of its 5.47% Series L senior notes due July 24, 2032 (the "Series L Notes" and together with the Series K Notes, the "2025 Private Placement Notes"), pursuant to a note purchase agreement dated as of July 10, 2025 (the "2025 Note Purchase Agreement"), among the Company and the purchasers party thereto in a private placement exempt from registration under the Securities Act of 1933. The Company intends to use a portion of the net proceeds from the issuance and sale of the 2025 Private Placement Notes to repay certain maturing notes issued under prior note purchase agreements. The remaining net proceeds will be used for general corporate purposes. Interest on the above issuances is payable semi-annually and the notes are guaranteed by certain of the Company's domestic subsidiaries. The Company may, at its option, prepay all, or from time to time any part of, the notes (without regard to Series), in an amount not less than 5% of the aggregate principal amount of each of the individual issuances then outstanding at 100% of the principal amount thereof plus an applicable "make-whole amount." The 2025 Private Placement Notes also allow for prepayment within six months of maturity without an applicable "make-whole amount." Upon the occurrence of a change of control, the holders of the notes will have the right to require the Company to prepay the entire unpaid principal amounts held by each holder of the notes plus accrued and unpaid interest to the prepayment date. The respective Note Purchase Agreements contain customary covenants, including financial covenants requiring compliance with a maximum leverage ratio, a minimum tangible net worth and a minimum interest coverage ratio, and customary events of default. Interest on the notes is subject to certain escalation provisions in the event that the leverage ratio exceeds certain thresholds. As of December 31, 2025, the Company was in compliance with all of these covenants. Notes Payable is comprised of the following as of December 31, 2025 and 2024:
|  |  |  |  |  | Carrying Value(1) at
|  |  |  |  |  | December 31,
Note |  | Maturity Date |  | Effective Annual Interest Rate |  | 2025 |  | 2024
Evercore Inc. 5.48% Series C Senior Notes |  | 3/30/2026 |  | 5.64 | % |  | $ | 47,981 |  |  | $ | 47,908 |
Evercore Inc. 5.58% Series D Senior Notes |  | 3/30/2028 |  | 5.72 | % |  | 16,950 |  |  | 16,929 |
Evercore Inc. 4.34% Series E Senior Notes |  | 8/1/2029 |  | 4.46 | % |  | 74,696 |  |  | 74,619 |
Evercore Inc. 4.44% Series F Senior Notes |  | 8/1/2031 |  | 4.55 | % |  | 59,684 |  |  | 59,635 |
Evercore Inc. 4.54% Series G Senior Notes |  | 8/1/2033 |  | 4.64 | % |  | 39,755 |  |  | 39,728 |
Evercore Inc. 3.33% Series H Senior Notes |  | 8/1/2033 |  | 3.42 | % |  | 33,497 |  |  | 31,073 |
Evercore Inc. 1.97% Series I Senior Notes |  | 8/1/2025 |  | 2.20 | % |  | — |  |  | 37,951 |
Evercore Inc. 4.61% Series J Senior Notes |  | 11/15/2028 |  | 5.02 | % |  | 66,280 |  |  | 66,052 |
Evercore Inc. 5.17% Series K Senior Notes |  | 7/24/2030 |  | 5.23 | % |  | 124,695 |  |  | — |
Evercore Inc. 5.47% Series L Senior Notes |  | 7/24/2032 |  | 5.52 | % |  | 124,686 |  |  | — |
Total |  |  |  |  |  | $ | 588,224 |  |  | $ | 373,895 |
Less: Current Portion of Notes Payable |  |  |  |  |  | (47,981) |  |  | (37,951) |
Notes Payable |  |  |  |  |  | $ | 540,243 |  |  | $ | 335,944 |
(1)Carrying value has been adjusted to reflect the presentation of debt issuance costs as a direct reduction from the related liability. As of December 31, 2025, the future payments required on the Notes Payable, including principal and interest, were as follows:
2026 | $ | 75,509 |
2027 | 26,194 |
2028 | 109,719 |
2029 | 96,343 |
2030 | 142,178 |
Thereafter | 280,611 |
Total | $ | 730,554 |

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